SASTRI COLLEGE MARCH CONTROLLED TEST 2020 DEPARTMENT OF BUSINESS, COMMERCE & MANAGEMENT ECONOMICS AND MANAGEMENT SCIENCES GRADE 9 EXAMINER: MS J BOODHRAM ‘MODERATOR: MRS K. BHAYAT TIME: 1 HOUR MARKS: 50 _ INSTRUCTIONS: 1, CALCULATORS ARE ALLOWED. 2. ALL SECTIONS ARE COMPULSORY. 8. WRITE NEATLY AND LEGIBLY. Question 1(15) Analyse the following transactions under the headings given, 1. Paid water and electricity by cheque, R400. 2. The owner contributed capital, R10 000. Issued a receipt. 3. Paid for trading stock received from Suppliers Galore by cheque, R4 500. Cash Sales according to the cash register slip, R2 800. (Cost of sales R1400).. ‘Account Account Debit CreditQuestion 2: [17] ‘The transactions below relate to the accounting records of Wimbledon Sports Store during March 2019. The business is owned by Steffi Graf and it uses a mark-up of 50%. Cast the journals at the end of the month, TRANSACTION | The owner contributed capital of R50 000, Receipt 13. 9 | Merchandise was purchased from Poland Garros Traders, cheque n0.57, R6400sya yunowiy syuno29y Aipuns ypors BuIpeay 1d yueg Baked 50 SUlEN area | ON 20g 6102 HOUV HO4 SIHOLS SLYOdS NOGTIBWIM 40 TWNUNOT SLNIAVA | SW ‘syeveg 104 qunoury ‘sales jo soy | sajes yueg sadiazay | Joy ‘syeyeq 220 | ON go sishjeuy: 20g ay Aipung eno 6T0E HOYVIN YOd S3HOLS S1¥AdS NOGTIWIM 4O TYNUNOF SLd13974 HSYDuestion 3{14) ‘Smith Traders had the following information in their Cash Receipts Jounal and their Cash Payments Journal for December 2019. The amounts represents the totals at the end of the month, CASH RECEIPTS JOURNAL OF SMITH TRADERS FOR DECEMBER 2019 (CRJ 12) BANK - | SALES COST OF SALES | SUNDRY ACCOUNTS | “R405 000 | R310 000 RISS 000 R95 000 (CASH PAYMENTS JOURNAL OF SMITH TRADERS FOR DECEMBER 2019 (CPJ 12) BANK | TRADING STOCK SUNDRY ACCOUNTS I —_—_| “R212 000 R170 000 R42 000 | ADDITIONAL INFORMATION PROVIDED The opening balances/ totals in the general ledger on 1 December 2019 were: © Bank R64 000 * Trading Stock R41 500 REQUIRE} ‘Complete and balance the following accounts in the General Ledger of Smith Traders with the information provided above. © Bank © Trading Stock GENERAL LEDGER OF SMITH TRADERS: BALANCE SHEET ACCOUNT SECTION Dr. Bank BL crDr Trading stock B2 cr Question 4 (4) Jan: Tina’s Catering Shop Trial Balance as at 29 February 2020 DETAILS, FOL DEBIT ‘CREDIT BALANCE SHEET ACCOUNT SECTION Capital Bi 175.000 Vehicles B2 142 000 Trading Stock B3 22500 Bank Ba 25 680 Cash Float - BS 500 NOMINAL ACCOUNT SECTION Sales NI 85 000 Cost of Sales N2 68 000 | Current Income N3 21000 Salaries and Wages N4_[ 22520 Water and Electricity NS 1850 Consumable Stores N6 2 44 Maintenance N7__| 660 Advertising NB 2510 Rent Income N9 Calculate the missing figure for Consumable Stores. @ 4.2 Explain the purpose of preparing the Trail Balance. @ OOD LUCK! TOTAL: 50